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Ten billion orders make great start!! Run the first race of New Year

Recently, DSIC and China Shipbuilding Trading Co., Ltd.(CSTC) , as joint sellers, signed orders for 6+2 conventional fuel VLCCS and 4+2 LNG powered VLCCS with two well-known European shipowners respectively. At the same time, DSIC recently signed a contract for six 110,000dwt tankers, which will also take effect in January 2024. The total contract value of the orders is about Rmb15bn. At the beginning of 2024, DSIC ran out of the "acceleration" and welcomed the "good start" of the operation and the batch of tanker orders, which not only laid a solid foundation for the high-quality development of DSIC in the New Year, but also added a strong happiness for the upcoming 2024 Spring Festival.

At present, China's shipbuilding industry shows a good development trend of steady improvement, steady progress and steady quality improvement, and the three major indicators of shipbuilding are growing simultaneously. The signing of this 10 billion orders further proves the strong competitiveness of China Shipbuilding Group and its subsidiaries in the global market, and fully reflects the international market's trust and recognition of China's shipbuilding industry in terms of technology, quality and service.

In recent years, China State Shipbuilding Group has been closely following the pulse of the shipbuilding market, innovating the management system and mechanism, giving full play to the leading role of management in industrial development, giving full play to resource advantages through multiple channels and angles, and coordinating and promoting ship and sea management, with remarkable results. After the further optimization of the epidemic prevention and control measures, CSSC immediately organized its subsidiaries to fully implement the "going global" strategy, and continuously demonstrated the new image of CSSC to global customers by participating in international exhibitions, hosting global partner meetings, and organizing overseas civil ship market promotion meetings. Drive the international market competitiveness and industry influence of Chinese ship brands to continue to improve. The successful signing of this batch of oil tanker orders by DSIC is benefiting from this series of powerful measures.

Oil tankers are the traditional advantageous ship type of DSIC. From the beginning of 2023 till now, DSIC has undertaken a total of 22 tankers of 110,000-ton class (23% of the market share in the same period), and 17 super-large crude oil tankers of 300,000-ton class (51% of the market share in the same period), with a contract value of more than RMB 23 billion. As a shipyard delivering the first domestic VLCC, DSIC has delivered a total of 117 VLCCs to domestic and foreign shipowners so far, which ranks the first in the number of deliveries by domestic shipyards. Against the background of decarbonization and transformation of the shipping industry, DSIC has continuously promoted the transformation and upgrading of mainstream products and actively provided green, safe and intelligent ship solutions to the shipping industry, delivering the world's first LNG dual-fuel-powered VLCC to COSCO Shipping in 2022, and signing a contract for the construction of the world's first methanol-dual fuel-powered VLCC with China Merchants Shipbuilding in 2023. The two VLCCs under contract are optimized and upgraded ultra-large tankers tailored by DSIC for ship owners. the LNG dual-fuel powered VLCCs are equipped with ME-GI high-pressure dual-fuel power engines, which can reduce carbon emissions by 20% compared with conventional fuel. The Energy Efficiency Design Index (EEDI) of the conventional fuel-powered VLCC has reached Stage III, and has reached the world's advanced level for the same type of ship in terms of overall performance, environmental performance and reliability.

In 2024, DSIC will adhere to the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, focus on the concept of "three wins", adhere to value creation, and transform the consolidation of the results of the theme of education into the fulfillment of the primary responsibility of building up the equipment and strengthening the military, promoting the shipbuilding and maritime industry to enhance the quality and increase the effectiveness of the shipbuilding and marine industry, deepening the reform and innovation in a comprehensive manner, and continuing to push forward the improvement of the management. We will strive to make new and greater contributions to the comprehensive construction of world-class shipbuilding group of China State Shipbuilding Corporation.

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